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A new trade agreement between Canada and the European Union that has cut tariffs on imports of Canadian lobsters could give Canada’s lobster industry the edge over Maine’s.
The New York Times reported the agreement, which went into effect in September, eliminated an 8% European tariff on live lobster and frozen and processed Canadian lobster. The tariff will be phased out in the next three to five years.
The elimination of European tariffs is “the single-most challenging issue” for the American lobster industry, Annie Tselikis, the executive director of the Maine Lobster Dealers’ Association, told the New York Times.
Tselikis said the pact was encouraging American companies to invest in new facilities in Canada to qualify for the lower European tariff.
“It does open up a number of opportunities for Canadians that clearly aren’t going to be available to Americans in the foreseeable future,” John Weekes, Canada’s North American Free Trade Agreement negotiator in the 1990s, told the newspaper.
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Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Few people are adequately prepared for all the tasks involved in planning and providing care for aging family members. SeniorSmart provides an essential road map for navigating the process. This resource guide explores the myriad of care options and offers essential information on topics ranging from self-care to legal and financial preparedness.
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